JPMorgan Chase Raises PKG Price Target to $320.00
Packaging Corporation of America (NYSE:PKG) had its price target raised by JPMorgan Chase & Co. from $312.00 to $320.00 in a research note issued on Wednesday, according to Benzinga.
The firm currently has an 'overweight' rating on the company's stock and sees a potential upside of 34.19% from its previous close.
This is not the only change in PKG's price target recently, as several other firms have also revised their estimates. UBS Group boosted its price objective on shares of Packaging Corporation of America from $271.00 to $292.00 and gave the stock a 'buy' rating.
Bank of America reduced its price target on Packaging Corporation of America from $280.00 to $260.00, while Citigroup upped its price target from $241.00 to $254.00, giving the company a 'neutral' rating.